reportedly aimed at a convoy of trucks carrying a shipment of weapons to the anti-israel militant group hezbollah in neighboring lebanon. the vice premier of israel warned if there's any signs that seeria was losing its grip on chemical weapons there would be military air strikes. no reports that there were chemical weapons in this strike, the associated press saying it's anti-aircraft missiles. the first time israel has fired into syria since 2007. definitely represents an escalation of the situation there. syria, of course, in the midst of a raging civil war. back to you. >> thanks, michelle. our next guest has analysis of america's fiscal situation and the takeaway is this. despite our debt fast approaching $17 trillion, spending cuts will actually make matters worse. >> and the reason is it's getting so much attention is that john makin, a noted conservative economist, and is a resident scholar at the american enterprise institute. also with us is lindsey piegsa, an economist at ftn financial, and she sees things a little bit differently. john, we'll go to you first because the headline there